The US stock market has reached a major landmark in its journey back from lows hit during the financial crisis.
The Dow Jones industrial average closed above 13,000 for the first time since 19 May 2008, just four months before the collapse of Lehman Brothers.
Analysts say it reflects a growing confidence in the US economy and solid profit reports from US companies.
The Dow added 23 points, or 0.2%, on Tuesday to close at 13,005. It briefly topped 13,000 earlier this month.
“I think it’s a momentous day for investor confidence,” said Jack Ablin, chief investment officer at Harris Private Bank.
“What this number implies is that the financial crisis, that we were all losing sleep over, it never happened because now we’re back.”
